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Binance was hacked starting from a fake recruitment, with methods similar to the Axie case

The preliminary investigation report on the security incident released by Binance on October 29 shows that the attack began with a fake recruitment. According to the report, in September, a Binance software engineer was contacted by someone impersonating a project director through a legitimate job platform. After undergoing a fake HR video interview and a fake CEO second interview, the engineer was asked to download a homework code repository on their work computer, which contained a zero-day Trojan that bypassed endpoint protection. The attackers then used the compromised device and an internal AI tool to control the computers of two other wallet engineers, stealing deployment credentials, and ultimately executed a malicious script on October 29 to transfer approximately $6.3 billion. Binance stated that it has frozen or intercepted about $2.85 billion and has compensated 98% of the affected assets.This method is almost identical to the March 2022 theft of the Axie Infinity sidechain Ronin cross-chain bridge. At that time, the North Korean hacker group Lazarus contacted a senior engineer at developer Sky Mavis through LinkedIn for a high-paying position. After several rounds of interviews, they sent an offer file containing a Trojan, which allowed them to control the private keys of the validation nodes, stealing approximately $625 million. The Binance report also noted that this year, 57 suspected cyberattacks related to North Korea have been detected and intercepted, with methods including fake interviews, malware disguised as popular development tools, tampered software packages, and browser plugins, among others.

first_img mETH Marketing Head Jowella Lim returns to Mantle to oversee product marketing

The marketing head of mETH Protocol, Jowella Lim (X account speicherx), announced that she has rejoined the Ethereum Layer 2 network Mantle, responsible for product marketing. She stated that Mantle has the opportunity to bring global stock exposure on-chain, and the product mStocks is in progress. The official Mantle account responded by welcoming her back.Jowella Lim mentioned that she has made a clear choice regarding her career direction. She noted that this year, areas such as tokenization, perpetual contracts, prediction markets, payments, and stablecoins are developing rapidly, making the team's direction more attractive to her. Her goal is to enhance the visibility of products and assets currently on Mantle and collaborate with ecosystem partners Bybit and Byreal. She also expressed confidence that Mantle will continue to grow among projects built for on-chain adoption.According to her personal website, Jowella Lim has been engaged in marketing at Mantle since April 2024 and has served as the marketing head of the mETH Protocol, incubated by Mantle, since January 2025, being the first marketing employee. The website states that the protocol's peak locked value is $2.19 billion. On the same day, a discussion on the MIP-36 draft appeared in the Mantle forum, proposing to confirm Halo Prime Limited as a strategic partner and issuer of mStocks, describing mStocks as tokenized certificates based on Mantle and linked to listed stocks, with the discussion not involving treasury funds. According to RootData, Mantle originated from BitDAO, completing $230 million in financing in June 2021 and $356 million through an IDO in August of the same year.

Zhao Changpeng released a guide on cryptocurrency asset custody, recommending that the custody method be chosen based on asset scale and technical capability

Binance founder Zhao Changpeng released a simplified guide for cryptocurrency asset custody, suggesting that users match security measures according to their holding scale and technical capabilities, while focusing on three major issues: preventing asset theft, avoiding accidental loss, and planning for asset inheritance in advance.Regarding self-custody, Zhao Changpeng advised users to take measures such as storing private keys on offline devices, using reliable hardware wallets, verifying transaction addresses, and setting up multiple off-site backups. He also reminded users to avoid saving keys through photos or screenshots to prevent them from syncing to the cloud and causing leaks. In terms of asset inheritance, users should develop a secure recovery plan in advance, avoiding direct sharing of keys or storing recovery information in an unencrypted form. For centralized trading platforms, Zhao Changpeng suggested that users assess the platform's reputation, security capabilities, and business model, and strengthen account protection through measures such as independent email, strong passwords, two-factor authentication, hardware security keys, and withdrawal address whitelists, while also being vigilant against phishing attacks and API credential leaks.Zhao Changpeng further suggested that users should reasonably allocate assets between centralized trading platforms and personal wallets based on their technical capabilities, security management levels, and funding needs. Self-custody means that users need to independently bear the responsibility for private key protection and asset recovery, while custody by trading platforms involves platform credit and counterparty risk. Additionally, maintaining an independent wallet helps to ensure access to assets during maintenance or service interruptions on trading platforms.

Ostium announced the second phase of the compensation plan: providing two methods of payment in installments with USDC and equity conversion

Ostium has released a design update on the second phase of the compensation plan for liquidity providers (OLP). This plan offers two compensation mechanisms for users who have losses exceeding 1,000 USDC and have not opted for Convenience Allocation:Default Plan A (USDC Installment Payment): Funding sources include recovered and future recovered funds (distributed proportionally after deducting the first phase portion), a specific share of revenue from the Ostium protocol and Gateway (initially 50% of Ostium opening fees), and potential partner incentives or revenue sharing.Optional Plan B (Ostium Labs Equity Conversion): Users who meet securities regulation requirements can convert part of their unrecovered losses into Ostium Labs equity at the valuation of the next round of financing, with the same class of shares as the team, and a total holding percentage for participating users subject to a fully diluted cap.The second phase portal is scheduled to launch on October 30, and eligible users can proportionally claim the allocated funds from Plan A; if they choose equity conversion, the portion of losses converted to equity will no longer be eligible for subsequent installment payments under Plan A, thereby helping to accelerate the repayment process for the remaining unconverted funds.Ostium emphasizes that this compensation plan is voluntarily initiated by the official and does not guarantee the full recovery of lost funds; specific implementation details and parameter scales are still being refined.

first_img Meta's Muse AI assistant reads users' private information and falsely reports the method of access

Meta's personal AI assistant Muse has been accused of reading users' private iMessages without permission and providing false explanations about how it accesses this information. Technology columnist Jason Aten installed the assistant on his iPhone and Mac when Muse launched on September 8 and explicitly refused to grant it access to personal data such as information and calendars.A few days later, Muse sent Aten a notification suggesting he write a column about the new iPhone that he had just discussed with his podcast partner, also mentioning a deadline reminder from the editor. Aten asked Muse how it knew this, and it replied that the Mac application only forwards notification previews and does not involve the content of messages. In reality, Muse had synchronized over 187,000 records from the local private information database on the Mac, an operation that requires full disk access permissions on macOS.David Singleton, head of Meta's superintelligent lab, responded on Threads that this feature requires users to actively choose to opt-in. Aten denied ever turning on that switch and stated that Meta had not answered related questions. Amazon has banned Muse from shopping on its site, stating that the assistant did not indicate its AI identity while browsing and seemed capable of capturing and storing user credentials. Since its launch, Muse has been downloaded over 2.5 million times, with its promotion emphasizing user control over access.
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